$974,000
$999,900
2.6%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2 Baths
1,915 SqFt
SOLD DATE : 01/26/2024
Key Details
Sold Price $974,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,915 sqft
Price per Sqft $508
MLS Listing ID 1348011
Sold Date 01/26/24
Bedrooms 6
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,915
Year Built 1900
Annual Tax Amount $4,410
Tax Year 2023
Lot Size 5.730 Acres
Acres 5.73
Property Sub-Type Multi Family
Property Description
5.73 Acres of land zoned LIGHT INDUSTRIAL on West Main Road in Portsmouth. Incredible traffic daily, and an opportunity to own a large piece of land in Portsmouth with endless opportunities. There are currently 2 single family homes that present an opportunity for increased returns utilizing seasonal rentals. Seller is open to subdividing homes and selling individually, OR take the whole package! With potential for development, light industrial use, or rental income, there are few deals on the market quite like this. The land spans well into the woods, and is ready for a new owner to maximize this properties income potential. Proforma 6-9% cap rate..see supplements
Location
State RI
County Newport
Zoning LI
Rooms
Basement Exterior Entry, Interior Entry, Partial, Unfinished
Interior
Interior Features Attic, Tub Shower
Heating Forced Air, Oil, Steam, Zoned
Cooling None
Flooring Carpet, Hardwood
Fireplaces Number 2
Fireplaces Type Masonry
Fireplace Yes
Appliance Oil Water Heater
Laundry Common Area
Exterior
Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Total Parking Spaces 8
Garage No
Building
Foundation Stone
Sewer Septic Tank
Water Connected, Public
Structure Type Plaster,Aluminum Siding
New Construction No
Others
Senior Community No
Tax ID 11441152MAINRDPORT
Financing Conventional
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